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12 Dec 2007, 2:08 pm
Many commentators have suggested that President Bush's mortgage plan was intended to sandbag the effort to make home mortgages subject to modification in bankruptcy. [read post]
28 Jul 2019, 8:16 pm
The Federal Housing Administration insures most reverse mortgages and changed the rules of its Home Equity Conversion Mortgage program to try to reduce the number of reverse mortgage foreclosures: Borrowers must pass a financial risk assessment that determines whether they are likely to be able to afford taxes and insurance on the home; and Lenders can offer a Lifetime Expectancy Set-Aside, which uses a portion of the borrowed money to pay for property expenses.… [read post]
21 Dec 2016, 6:49 am by David M. Goldman
  In many scenarios the mortgage can be created, so the bank receives the house when the borrower passes away. [read post]
1 Nov 2018, 8:03 am by Web Master
If the borrower passes away before the HECM is satisfied, then the decedent’s estate must repay the HECM obligation (just as with any mortgage) before any remaining home equity or proceeds from the sale of the home will pass to the decedent’s heirs. [read post]
15 Sep 2021, 6:24 am by Daily Record Staff
NY (HSBC); Deutsche Bank Trust Company Americas, as Trustee for Residential Accredit Loans, Inc., Mortgage Asset Backed Pass-Through Certificates, Series 2006-QS17 (Deutsche Bank); PHH Mortgage (PHH); and ... [read post]
5 Mar 2009, 4:07 pm
House of Representatives today voted to pass H.R. 1106, the "Helping Families Save Their Homes Act of 2009" by a vote of 234 to 191. [read post]
5 Feb 2010, 10:00 am
I'll do my best to pass along Mr Smith's "pitch"]Something like 25% of folks in the UK own a critical illness policy; of those, over 60% bought their plan as a means of covering their mortgage. [read post]
6 Mar 2009, 9:26 am
House has passed a compromise version of mortgage cram-down legislation, HR 1106, officially known as entitled the "Helping Families Save Their Homes in Bankruptcy Act of 2009. [read post]
30 Apr 2009, 4:41 pm
"If we had passed this law years ago when Brad Miller and I started introducing this legislation, perhaps we wouldn't be in the mess we're in today. [read post]
20 Feb 2023, 8:19 am by Cathy Moran
Who manages the relief fund California Mortgage Relief is funded by the American Rescue Plan, passed by Congress in 2021. [read post]
27 Jul 2011, 5:47 am
An attempt to pass a law that would allow Bankruptcy judges to modify mortgages never made it passed the Senate. [read post]
19 May 2010, 7:51 am by David M. Trontz
Surprisingly, Florida has passed Rhode Island as the top state involved with mortgage fraud. [read post]
5 Mar 2009, 3:56 pm
H.R. 1106, the Helping Families Save Their Homes Act of 2009, which will allow modification of all types of mortgages in Chapter 13 bankruptcy, passed the House today by a vote of 234-191. [read post]
17 Jan 2014, 2:54 pm by Rich Vetstein
“QM” refers to the new Qualified Mortgage rules passed by the Consumer Financial Protection Bureau under the Dodd-Frank Act which went into effect on January 10, 2014. [read post]
13 Nov 2014, 8:13 am by Scott Stewart
If the borrower passes away before the HECM is satisfied, then the decedent’s estate must repay the HECM obligation (just as with any mortgage) before any remaining home equity or proceeds from the sale of the home will pass to the decedent’s heirs. [read post]
2 Mar 2020, 5:40 am by David M. Offen Esq.
If you are considering filing under Chapter 7, you will need to determine if you will pass the means test. [read post]